Newbie question - Acceptable Cash-on-Cash Returns?

[Linda Tong]

Hello everyone, 

Complete newbie here, currently looking for the first small MFH deal to house hack in. 

I'm in the greater Boston area (looking at further out towns as limited by my first-timer budget), what would be an acceptable CoC return on a small MFH in this market? I have heard the "generally 8-12 percent CoC" but I'm not sure if it applies to the crazy market I'm in. I've been using my BP calculators but nothing has come even close to the 8-12 CoC.

Any knowledge share & advice is much appreciated!